Why Finance Your Equipment?
Benefits of Equipment Financing
CASH FLOW
ACQUIRE EQUIPMENT QUICKLY
Business conditions move quickly but some traditional financing methods often involve lengthy paperwork and extensive review processes, causing delays that can hinder business operations. That isn’t the case with equipment financing with EquipLoan. The application is simple, and the turnaround times are fast. This allows you to quickly access funds to finance equipment once your application has been approved.
PRESERVATION OF CREDIT LINES
Maintaining a healthy credit line is crucial for businesses, as it provides working capital for future opportunities, important business operations and unforeseen expenses. By choosing equipment financing, your business can preserve their existing credit lines, maintaining financial stability and strength.
TAX BENEFITS
Depending on the equipment financing program chosen there are different tax advantages available to small business owners. One popular and important tax law is the Section 179 which allows businesses to deduct equipment placed into service with generous limits. Always consult with your tax consultant for confirmation of tax benefits.
